BearingPoint evaluated in IDC MarketScape: IT Service Providers in the EMEA Utilities Market 2013 Vendor Assessment

London/Frankfurt, July 1, 2013 - Management and technology consultancy BearingPoint was named a “Contender” in the IDC MarketScape “IT Services Providers in the EMEA Utilities Market 2013 Vendor Assessment” (doc #EIOS02V, May 2013). Currently BearingPoint runs several major projects at international utilities firms. The consultancy is, for example, engaged by a major global utilities provider to create an IT infrastructure service center with the ambition to reduce IT infrastructure costs by 30 percent within two years. Another project for a major European utilities firm concentrates on Smart Energy, helping the client to define its strategy in the field of Smart Grid technologies and new services for customers using Smart Meters data.

Natalia Krasnoperova, Partner and Global Segment Leader for Utilities at BearingPoint, commented: “BearingPoint is delighted to see its capabilities and credentials for Utilities recognized by IDC.”

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors.

About BearingPoint

BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our 3500 people, together with our global consulting network serve clients in more than 70 countries and engage with them for measurable results and long-lasting success.